Encore wire acquisition. Encore Wire Corporation (WIRE) $289.

€140m within 4 years. Through our state-of-the-art quality control facility - the Encore Wire TechLab® - we ensure that our products are built to the highest standards. This represents a 20% premium to the 30-day volume weighted Apr 15, 2024 · Join SI Premium – FREE. – PSAV, a global leader in event experiences, announced today that it has entered into a definitive agreement to be acquired by private equity and real estate funds affiliated with Blackstone (NYSE:BX) (“Blackstone”) from affiliates of Goldman Sachs (NYSE:GS) and Olympus Feb 7, 2024 · Milan, 02 July 2024 – Prysmian announces that it has completed the acquisition of Encore Wire Corporation (NASDAQ: WIRE). Prysmian- the world's largest cable maker- has benefited Jul 3, 2024 · Italian cable manufacturer Prysmian has concluded the acquisition of the American cables producer Encore Wire, marking a significant expansion in the North American market. 2 billion. 2 billion acquisition of Encore Wire was quite good. This is Prysmian’s largest (disclosed) transaction. Encore Wire’s diversified product portfolio and low-cost of production position it exceptionally well to play a key role in the transition to a more sustainable and reliable energy Jul 2, 2024 · Prysmian Completes Acquisition Of Encore Wire. Prysmian communicates that at a special meeting of Encore Wire Corporation's (NASDAQ: WIRE) stockholders held earlier today, a majority of the out. Encore Wire stock was surging Monday after the copper and aluminum cable and wire maker announced that it has entered into an agreement to be acquired by Prysmian for about €3. 4 days ago · Electrical cablemaker Prysmian has completed the acquisition of Encore Wire Corporation. Benefits from Encore Wire's fully integrated value chain. 01 (+0. 2 Milan, Italy - 02/07/2024 - 07:30 AM. The $290 per share acquisition price tag has sent WIRE shares nearly 8% higher in the early trading session today. First Quarter Net income of $161. 5 million. Reprints. 2x EV Prysmian (OTCPK:PRYMY) proposes to acquire Encore Wire (NASDAQ:WIRE) for $290. The Italian cables maker is seeking to enhance its US presence and enter the country’s residential construction sector. Apr 15, 2024 · At 11. The Transaction represents a premium of approximately 20% to the 30-day volume weighted average share Apr 16, 2024 · Daniel L. Effective February 3, 2020, Apex Electrical Sales will succeed Cleveland Sales and begin covering all Arizona territories. The Transaction represents a premium of approximately 20% to the 30-day volume weighted average share price (VWAP Apr 22, 2024 · Encore Wire. Jul 1, 2024 · Milan, 02 July 2024 - Prysmian announces that it has completed the acquisition of Encore Wire Corporation (NASDAQ: WIRE). The acquisition is expected to bring additional opportunities for employees and stakeholders, leveraging the strengths of both organizations. for the acquisition of Encore Wire. A Bumper Deal The deal pegs Encore’s enterprise value at 8. April 15, 2024, 8:16 am EDT. Apr 15, 2024 · Italy's Prysmian announced a deal to buy U. 5 million square feet under roof and stretch across 460 acres. firm Encore Wire for an enterprise value of about 3. Prysmian Shares Rise Following Encore Wire Acquisition. 00 per share in cash for a total enterprise value of approximately €3. 00 PER SHARE, IN CASH. Encore Wire Corporation Stock. Unique opportunity for Prysmian to accelerate growth in North America. May 29, 2024 at 02:46 am EDT. p. Encore Wire began its legacy in 1989, as a 68,000 square foot industrial warehouse building in McKinney, Texas. . S. Per published reports, CEO Chief Executive Massimo Battaini told analysts that the outlook or Prysmian’s $4. Prysmian in a news release Apr 15, 2024 · Encore Wire stock is Monday rising on acquisition news. 04:00:00 2024-07-01 pm EDT. WIRE. (Image credit: Pyrsmian) Prysmian has announced that it has completed the acquisition of Encore Wire Corporation. Encore is a well-run wire and cable manufacturer that lands in the top 1% of has grown over the years through acquisition and is spread out all across North America. 15 billion) as it doubles down on a North American market Apr 15, 2024 · Encore Wire Corporation (WIRE. 00 per share in cash. Downloads. Apr 15, 2024 · FOR IMMEDIATE RELEASE. Apr 15, 2024 · Prysmian (PRYMY) proposes to acquire Encore Wire (WIRE) for $290. for around €3. (Credit: Prysmian) Italian cable maker Prysmian has completed the acquisition of Encore Wire, strengthening its position in the growing North American market. . As an industry leading manufacturer in wire and cable, with innovation in product development and unparalleled service, we give our clients the competitive edge for each and every build. 2 bln deal Encore Wire marks Prysmian's second major U. 9 billion representing a multiple of 8. June 20, 2024 Encore Wire To Be Acquired By Prysmian For $290. Trading in shares of ENCORE WIRE CORP is expected to be halted effective July 2, 2024. As part of the acquisition, Bear Stearns will take over Encore Credit’s Apr 25, 2023 · McKinney, TX - Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the first quarter of 2023. We continue to look toward the future of our planet, at our resources, our products and our capabilities to determine how we can bring more value to you. Net sales for the first quarter ended March 31, 2023 were $660. Jun 27, 2024 · ENCORE WIRE CORP shareholders approved the Acquisition on June 26, 2024. 00 Apr 23, 2024 · Prysmian Obtains US Antitrust Clearance for Encore Wire Acquisition May. for acquisition of Encore Wire. In accordance with the terms of the merger agreement entered by the parties on 14 th April 2024, Prysmian has acquired all of the outstanding shares of Encore Wire’s common stock for $ 290. , AND NEW YORK, N. 2x EV/2023A Investor Relations | Encore Wire Corporation. antitrust purposes. com) Prysmian Spa announced that it has completed the acquisition of Encore Wire Corporation. First Quarter 2023 Highlights. 16 billion) and 3. With Encore trading at a Price/Sales ratio of 13. Estimated pre-tax run-rate EBITDA synergies of c. Jones, Encore Wire’s Chairman, President, and CEO, echoed similar sentiments, highlighting the transaction's maximization of value for shareholders and the promising future ahead. Apr 15, 2024 · April 15, 2024. 2 Apr 15, 2024 · April 15, 2024. 00%) 7:00 CDT · June 30, 2024. McKinney, TX - Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the first quarter of 2022. Apr 15, 2024 · Encore Wire (NASDAQ:WIRE) stock is rocketing higher on Monday following news of a major acquisition deal with Italian firm Prysmian. (Alliance News) - Prysmian Spa on Wednesday reported that at an extraordinary meeting of Encore Wire Corporation shareholders, shareholders holding a majority of Encore Wire's outstanding common shares voted in favor of adopting the merger agreement under PDF Report. P. acquisition in recent years. Gross profit margin abatement remained gradual in the first quarter of 2022. Apr 19, 2024 · JP Morgan and Goldman Sachs are nearing completion of their advising on Prysmian’s strategic acquisition of Encore Wire for €3. Prysmian SpA PRY: ENCORE WIRE’S STOCKHOLDERS APPROVED THE ACQUISITION BY PRYSMIAN. 6 billion). 15 billion) including debt, the first major deal under its new CEO. run-rate synergies, ~20% pre-synergies Solid balance sheet with accelerated path to deleverage The acquisition of Encore Wire increases exposure to secular growth drivers Jun 20, 2018 · June 20, 2018. The acquisition will strengthen Prysmian’s leadership Prysmian Completes the Acquisition of Encore Wire. PRYMY. PHOTO: Goldman Sachs and JP Morgan This pivotal deal will expand Prysmian’s influence in the North American market, positioning the company at the forefront of the evolving energy and telecommunications Apr 15, 2024 · Prysmian SpA agreed to buy Encore Wire Corp. A. 1 million for the first quarter of 2022. Apr 15, 2024 · Prysmian intends to finance the acquisition though 1. At the time of the announced acquisition, Prysmian Chief Executive Massimo Battaini exclaimed: "The acquisition of Encore Wire represents a landmark moment for Prysmian and a Jul 3, 2024 · Italian cable manufacturer Prysmian has concluded the acquisition of the American cables producer Encore Wire, marking a significant expansion in the North American market. Prysiman (PRY. First Quarter Earnings per diluted share of $7. Subject to the Jun 26, 2024 · Prysmian Says Encore Wire Shareholders Approved Acquisition By Company. In accordance with the terms of the merger agreement entered by the parties on 14th April 2024, Prysmian has acquired all of the outstanding shares of Encore Wire’s common stock for $ 290. 00 per share in cash; New Taxation & Government Incentives Risk for Encore Wire Apr 15, 2024 · Encore Wire is a leading manufacturer of a broad range of copper and aluminum electrical wire and cables, supplying power generation and distribution solutions. Download Press Release. Prysmian- the world's largest cable maker- has benefited Apr 16, 2024 · M&A News: Encore Wire Soars on $4. Resize. The transaction represents a premium of approximately 20% to the 30-day volume weighted average share price as of April 12, and approximately 29% to the 90-day Jun 26, 2024 · Encore Wire shareholders approve acquisition by Prysmian. ~30% EPS1 accretive incl. 96. This is Prysmian’s 3rd transaction in the United States. 9 billion ($4. MILAN, Italy — Prysmian today announced that it has entered into a definitive merger agreement under which it will acquire Encore Wire for $290. PRY. First Quarter 2022 Highlights. COMPANY TO ACQUIRE ENCORE WIRE FOR $290. 5 million compared to $723. 15, 2024-- Encore Wire (NASDAQ: WIRE) today announced that it has entered into a definitive merger agreement under which Prysmian (BIT: PRY) will acquire Encore Wire for $290. Completion of the deal remains conditional on the approval of Encore Wire's shareholders, representing at . Apr 15, 2024 · Encore Wire today announced that it has entered into a definitive merger agreement under which Prysmian will acquire Encore Wire for $290. NEW YORK—April 15, 2024—O’Melveny advised Encore Wire on its definitive merger agreement to be acquired by Prysmian for US$290. PRYSMIAN. (Alliance News) - Prysmian Spa announced Wednesday that it has received antitrust clearance in the U. 9 billion euros ($4. McKinney, TX - Encore Wire Corporation (NASDAQ Global Select: Wire) announced today the addition of Apex Electrical Sales as its new manufacturers representative for the state of Arizona. 2x EV May 3, 2022 · The acquisition of Encore’s assets follows Schnitzer’s 2021 purchase of eight recycling facilities from Columbus Recycling and expands the Company’s Southeastern regional footprint to 24 May 29, 2024 · Prysmian gets green light in U. Encore Wire produces copper and aliminum wires and cables for residential May 29, 2024 · Hart-Scott-Rodino Antitrust Improvements Act applicable to the proposed acquisition of Encore Wire Corporation (NASDAQ: WIRE) expired on May 28, 2024. 15 billion. Jul 3, 2024 · Prysmian announces that it has completed the acquisition of Encore Wire Corporation. The transaction price represents a premium of around 20% Apr 16, 2024 · Encore Wire Corporation agrees to $290/share acquisition by Prysmian S. 00 Per Share in Cash News • Apr 15, 2024 MarketScreener — Italy's Prysmian to buy Encore Wire in $4. That will have it paying $290 per share in cash for WIRE stock. PRY −1. Jun 26, 202407:29 PDT. At Encore Wire, we always put our customers first. News Release. 00 per Jul 3, 2024 · Prysmian has successfully completed its acquisition of Encore Wire Corporation, solidifying its leadership position in North America. The acquisition will strengthen Prysmian’s May 30, 2024 · PRYSMIANThe acquisition of Encore Wire has been cleared for U. We do more than make wire. The move is triggered by news of potential acquisition. With support and dedication from our employees, our customers and our community, we have grown to over 3. Pending the completion of customary closing conditions, the Acquisition is expected to be completed on July 2, 2024. Battaini said the deal would allow Prysmian to become "even more relevant" in the North American market Feb 12, 2007 · Combined, Bear Res and Encore Credit will generate more than $1 billion in conforming, Alt-A and subprime loans per month. Prysmian SpA PRY: COMPLETES ACQUISITION OF ENCORE WIRE. Encore Wire Corporation (NASDAQ:WIRE) inked a definitive deal to be acquired by Prysmian S. Y. 00 Per Share in Cash. May 30, 2024. 00 per share in cash (the “Transaction”). In accordance with the terms of the merger agreement entered by the parties on April 14, 2024, Prysmian has acquired all of the outstanding shares of Encore Wire’s common stock for $290. 00 per share in Jun 26, 2024 · Prysmian communicates that at a special meeting of Encore Wire Corporation’s (NASDAQ: WIRE) stockholders held earlier today, a majority of the outstanding shares of Encore Wire’s common stock were voted in favor of the adoption of the merger agreement pursuant to which Prysmian will acquire Encore Wire for $290. June 26, 2024 at 11:14 am EDT. About Encore Wire Encore Wire is a leading manufacturer of a broad range of copper and aluminum The acquisition of Encore Wire increases exposure to secular growth drivers. 4 billion euros in newly committed debt facilities ($3. Encore Wire to Be Acquired by Prysmian for $290. Share. Encore Wire Corporation (WIRE) $289. According to the merger agreement signed on April 14, 2024, Prysmian acquired all outstanding shares of Encore Wire's common stock for $290. Italian cable manufacturer Prysmian has concluded the acquisition of the American cables producer Encore Wire, marking a significant expansion in the North American market. 00 3 months ago - Business Wire. run-rate synergies, ~20% pre-synergies. Encore Wire's Stockholders Approved the Acquisition by Prysmian. (Reuters) — Italy's Prysmian announced a deal to buy US firm Encore Wire for an enterprise value of about 3. 00 per share in cash . 9 billion, representing a multiple of 8. HAS ACQUIRED ALL OUTSTANDING SHARES OF ENCORE WIRE’S COMMON STOCK FOR $290. On April 15, Encore Wire Corp. We're your single source for residential, commercial, and industrial wire and cable. It will pay Encore Wire shares $290 in cash each, an 11% premium to the stock's close on Friday. 5% premium over Friday's closing price Jun 27, 2024 · PRYSMIANEncore Wire's Stockholders Approved the Acquisition by Prysmian. Apr 15, 2024 · Encore Wire stock was surging Monday after the copper and aluminum cable and wire maker announced that it has entered into an agreement to be acquired by Prysmian for about €3. Equities. 84 $0. ( NASDAQ:WIRE ), a small-cap copper wire and cable manufacturer, announced a merger with Prysmian SpA ( MIL:PRY ), a Milan, Italy-based cable manufacturer and Jun 7, 2024 · Under the agreement, Encore shareholders will receive $290 per share in cash, an approximate 20% premium to the 30-day volume-weighted share price as of April 12. Jul 1, 202422:36 PDT. Prysmian expects to gain from increased cross-selling opportunities and the Prysmian (OTCPK:PRYMY) proposes to acquire Encore Wire (NASDAQ:WIRE) for $290. This strategic transaction enhances Prysmian's capabilities in the North American market, providing Apr 15, 2024 · McKinney-based Encore Wire—a leading manufacturer of copper and aluminum for residential, commercial, and industrial wire needs and one of the city’s largest companies—is being acquired by Italy-based Prysmian in a deal valued at more than $4. IT), Italian producer of electrical cables, proposed to acquire Encore for $290 per share, representing around 11. 9B USD Acquisition Highlights. The firm had bought General Cable for about $3 billion in 2018. Electrical Components & Equipment. 3x EV/2023A EBITDA including run rate synergies. Continue reading this article with a Barron’s subscription. Prysmian communicates that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act applicable to the proposed acquisition of Encore Wire Corporation (NASDAQ: WIRE) expired on May 28, 2024. €140m within 4 years ~30% EPS¹ accretive incl. The acquisition of Encore Wire has been cleared for U. In related news, the company said that the acquisition of the McKinney, Texas-based company was going well, and that the result of synergies should be seen at an even quicker pace. Prysmian today announced that it has entered into a definitive merger agreement under which it will acquire Encore Wire (NASDAQ: WIRE) for $290. In accordance with the terms of the merger agreement entered by the parties on 14 th April 2024, Prysmian has acquired all of the outstanding shares of Encore Wire's common stock for $ 290. , sparking a surge in Encore's stock price. US2925621052. The treatment below will be applied to the following indices: Apr 15, 2024 · Milan, Italy - 15/04/2024 - 06:00 AM -. 5 times the $370 million of EBITDA analysts expect Encore Wire to deliver in 2024, the bid price values the company significantly above the 9 times average of the European cable segment. (OTC:PRYMF) for $290. for acquisition of Encore Wire May. Apr 28, 2022 · Download Press Release. That brings the total value of the deal to $4. 29: MT Prysmian gets green light in U. The company is being acquired by Prysmian for $290 per share. Apr 15, 2024 · About Dow Jones Newswires. The transaction remains subject to approval of Encore Wire’s shareholders representing at least a majority of Jul 3, 2024 · MILAN, ITALY - Prysmian announces that it has completed the acquisition of Encore Wire Corporation (NASDAQ: WIRE). Alan Wire. Prysmian announces that it has completed the acquisition of Encore Wire Corporation (NASDAQ: WIRE). This is Prysmian’s 6th transaction in the Electrical Equipment sector. According to the Prysmian press release, the transaction represents a premium of approximately +20% to the 30-day volume weighted average share price (VWAP) as of April 12, 2024 and approximately +29% to the 90-day VWAP as of the same date. 2x EV/2023A EBITDA and 6. The Transaction represents a premium of approximately 20% to the 30-day volume Apr 15, 2024 · Under the terms of the agreement, Encore Wire may solicit alternative acquisition proposals from third parties during a 35-day "go-shop" period following the date of execution of the merger agreement. This is Prysmian’s 2nd transaction in Texas. As a result, the transaction has been cleared for U. Market Closed - Nyse. Jul 1, 2024 · PRESS RELEASE PRYSMIAN COMPLETES THE ACQUISITION OF ENCORE WIRE Milan, 02 July 2024 - Prysmian announces that it has completed the acquisition of Encore Apr 15, 2024 · Provided by Business Wire. Prysmian acquired all of the outstanding shares of Encore Wire’s common stock for $290. Prysmian communicates that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act applicable to the proposed acquisition of Enc. Prysmian has purchased all outstanding shares of Encore Wire at $290 per share in cash. MCKINNEY, Texas– ( BUSINESS WIRE )– Encore Wire (NASDAQ: WIRE) today announced that it has entered into a definitive merger agreement under which Prysmian (BIT: PRY) will acquire Encore Wire for $290. 9 billion, or $4. Apr 15, 2024 · MCKINNEY, Texas-- ( BUSINESS WIRE )--Encore Wire (NASDAQ: WIRE) today announced that it has entered into a definitive merger agreement under which Prysmian (BIT: PRY) will acquire Encore Wire for Jul 2, 2024 · Milan, 02 July 2024 – Prysmian announces that it has completed the acquisition of Encore Wire Corporation (NASDAQ: WIRE). 28 and a Price/Earnings ratio of 1. 00 per share. Apr 16, 2024 · April 16, 2024 – Encore Wire announced it has entered into a definitive merger agreement under which Prysmian will acquire Encore for $290. The Transaction represents a premium of approximately 20% to the 30-day volume weighted average share price (VWAP) as of Friday, April 12 Apr 15, 2024 · Massimo Battaini, CEO-designate of the world's largest cablemaker, described wire and cable maker Encore as a "strong player" in the U. 15 billion) as it doubles down on a North American market that already powers Apr 20, 2024 · Prysmian’s acquisition of Encore Wire appears to be a strategic move, considering Encore’s attractive fundamentals and undervalued status. Prysmian Jun 26, 2024 · Prysmian communicates that at a special meeting of Encore Wire Corporation’s (NASDAQ: WIRE) stockholders held earlier today, a majority of the outstanding shares of Encore Wire’s common stock were voted in favor of the adoption of the merger agreement pursuant to which Prysmian will acquire Encore Wire for $290. 2 Jan 10, 2020 · 972-562-9473. Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to Mar 7, 2023 · Encore WIRE. 00 Per Share In Cash Wire World Internet Benefits from Encore Wire's fully integrated value chain Estimated pre-tax run-rate EBITDA synergies of c. Apr 15, 2024 · Milan - 15/04/2024 - 09:00 AM. As per a release issued by the Milan-based company, the transaction represented a Apr 12, 2024 · MCKINNEY, Texas -- (BUSINESS WIRE)--Apr. 93, the acquisition presents Prysmian with a potentially lucrative long-term investment opportunity. (marketscreener. As stated in the released note, the acquisition will enable the consolidation of Prysmian's leadership position in North America. Encore Wire (NASDAQ: WIRE) today announced that it has entered into a We pride ourselves on our personal connection to the industry, and innovation for the sake of our customers. Jun 27, 2024 · June 27, 2024 at 08:09 am EDT. In accordance with the terms of the merger agreement entered by the parties on April 14, 2024, Prysmian has acquired all of the outstanding shares of Encore Wire’s common stock for USD 290 per share, in cash, totaling USD 4. Prysmian expects to gain from increased cross-selling opportunities and the Apr 16, 2024 · The recent acquisitions of Warren & Brown and Encore Wire strengthen Prysmian's position in the connectivity and cable markets, respectively. July 3, 2024. And through smarter packaging, we help you achieve maximum productivity onsite. Other stock markets. 1 billion euros in cash ($1. In particular, the Encore Wire deal is EPS accretive Apr 18, 2024 · Apr 18, 2024. The Transaction represents a premium Apr 15, 2024 · T Wire. ACQUISITION WILL BE CONSUMMATED ON JULY 2. In accordance with the terms of the merger agreement entered by the parties on 14th April 2024, Prysmian has acquired all of the outstanding shares of Encore Wire's common stock for $ 290. 2 times its EBITDA Jun 7, 2024 · BDC. Jul 1, 2024 · PRESS RELEASE PRYSMIAN COMPLETES THE ACQUISITION OF ENCORE WIRE Milan, 02 July 2024 - Prysmian announces that it has completed the acquisition of Encore Encore Wire marks Prysmian's second major U. Apr 15, 2024 · Business Wire — Encore Wire to Be Acquired by Prysmian for $290. Apr 14, 2024 9:05pm. SCHILLER PARK, ILL. The transaction remains Jul 3, 2024 · WIRE. 2 Jul 3, 2024 · 3 July 2024. 00 per share, in cash. MCKINNEY, Texas-- (BUSINESS WIRE)--Encore Wire (NASDAQ: WIRE) today announced that it has entered into a definitive merger agreement under which Prysmian (BIT: PRY) will acquire Encore Wire for $290. 00 per share, in Jun 20, 2018 · June 20, 2018. 2B Acquisition Deal with Prysmian; Encore Wire to be acquired by Prysmian for $290. In accordance with the terms of the merger . 9 billion. The company acquired for cash all of the outstanding common shares of Encore Wire for USD290. 62%. 00 PER SHARE. June 27, 2024. Copper unit volume, measured in pounds of copper contained in May 29, 2024 · Milan, Italy - 29/05/2024 - 07:20 AM. 29: AN Encore Wire's Go-Shop Period Ends With No Interest From Potential Buyers This deal has Prysmian agreeing to acquire Encore Wire for $4. Jul 2, 2024 · Jul 2, 2024. This deal has Prysmian agreeing to acquire Encore Wire for $4. – PSAV, a global leader in event experiences, announced today that it has entered into a definitive agreement to be acquired by private equity and real estate funds affiliated with Blackstone (NYSE:BX) (“Blackstone”) from affiliates of Goldman Sachs (NYSE:GS) and Olympus Jul 2, 2024 · Business Wire. The Transaction represents a premium of approximately 20% to the 30-day volume weighted average share price (VWAP) as of Apr 15, 2024 · Reuters. Today, Encore Wire is a leading manufacturer of copper and Jul 2, 2024 · Encore Wire to Be Acquired by Prysmian for $290. SUBSCRIBE NOW. Subject to the Nexans Completes Acquisition Of La Triveneta Cavi. US), US manufacturer of copper and aluminum for wire needs, is trading over 11% higher today. Apr 15, 2024 · At the terms of the Transaction, Encore Wire’s implied Enterprise Value is approximately 1€3. , in particular in the industrial construction segment. Leading global solution provider for cables, energy, telecom cables and systems industry, Prysmian has announced acquisition of Encore Wire, leading manufacturer of copper and aluminum electrical wire and cables, for USD 290 per share in cash. Prysmian communicates that at a special meeting of Encore Wire Corporation's (NASDAQ: WIRE) stockholders held earlier today, a majority of the outstanding shares of Encore Wire's common stock were voted in favor of the adoption of the merger agreement pursuant to which Prysmian will acquire Encore Wire for $290. See if WIRE stock is a buy or a sell now. Apr 16, 2024 · Prysmian entered into a definitive merger agreement under which it will acquire Encore Wire for $290 per share in cash. “Through this acquisition, Prysmian will grow its North American presence, enhancing its portfolio and geographic mix, while significantly increasing the exposure to secular growth drivers,” said Massimo Battaini, Prysmian Apr 15, 2024 · On April 15, 2024, Prysmian acquired electrical equipment company Encore Wire for 3. A public company, Encore Wire is listed on Nasdaq under the ticker symbol WIRE. MCKINNEY, Texas — Encore Wire announced that it has entered into a definitive merger agreement under which Prysmian will acquire Encore Wire for $290 per share in cash. Encore Wire (NASDAQ: WIRE) today announced that it has entered into a definitive merger agreement under which Prysmian (BIT: PRY) will acquire Encore Wire for $290. ga is ns jn iv ym tx nn mz jb